Retail payment transactions rise 10pc to 2.8bn |
KARACHI: Retail payment volumes rose to 2.8 billion transactions in the July-September quarter, up 10 per cent from the previous quarter, while the value of retail payments increased 6pc to Rs166 trillion, a State Bank report said on Tuesday.
“This expansion was primarily driven by the continued rise in mobile app-based banking,” the central bank said in its Quarterly Payment Systems Review for FY26. “Digital payment channels accounted for 2.5bn transactions, representing 90pc of total retail payments compared to 87pc in the same quarter last year.”
“Pakistan’s payment systems are increasingly reflecting the outcomes of sustained policy focus on digitisation and market innovation. Regulatory initiatives led by the State Bank, alongside operational advancements by banks,........